Finance Terms and Conditions

1. Finance availability and approval

We work with a range of finance providers. Finance is subject to the relevant provider’s approval, responsible lending assessment, lending criteria and terms and conditions.

Submitting an application or using our calculator does not guarantee approval. Available finance products, repayment terms and any deposit requirements depend on the provider and your circumstances.

Your finance provider will be identified during the application process and in your finance documents.

2. About our repayment calculator

Our calculator provides an illustrative repayment estimate for the product price and term selected. It is a guide to help you consider finance options and is not a personalised quote, finance offer or credit agreement.

Unless otherwise stated, estimates use these assumptions:

• Annual interest rate: 19.90% p.a.
• Establishment fee: $95.
• Monthly service fee: $2.95.
• Deposit used in the estimate: $0.
• Repayment period: The term selected on the calculator.

The estimate includes the establishment fee and monthly service fees above. It assumes that the interest rate remains unchanged, payments are made as scheduled, and no additional borrowing, missed payments or other charges occur.

All amounts are in New Zealand dollars.

3. Different providers have different charges

The calculator assumptions do not represent the charges of every finance provider.

Actual interest rates, establishment fees, ongoing fees, deposit requirements, repayment amounts and total payable depend on the provider, the finance product, your circumstances and the agreement offered to you.

An estimate based on 19.90% p.a. does not mean that this rate is available to every applicant or from every provider.

Your provider will confirm the actual charges and repayment schedule before you accept finance.

4. Weekly prices and “FROM” amounts

Weekly prices marked “FROM” indicate the lowest repayment estimate for the product price or option used in the calculation. Another colour, configuration, size or product option may cost more and have a higher repayment.

“Approx.” means the repayment is an estimate. The amount shown may differ from the repayment offered by your finance provider.

Where the website displays whole dollars only, cents have been removed rather than rounded up. This means the displayed amount is lower than the full calculated weekly estimate. Please request the full estimate before relying on it for budgeting.

A weekly equivalent is provided for comparison. Your provider may use a different payment frequency, calculation method or repayment schedule.

5. Estimating total repayments

For a general guide, multiply the full weekly repayment, including cents, by the approximate number of weeks for the selected term:

These week counts use a 52 week year for illustration. Calendar dates and the actual number of payments may differ.

Multiplying a weekly amount with the cents removed will understate the calculated total. Contact us for the full estimate if only a whole dollar amount is displayed.

This calculation estimates repayments under the calculator assumptions only. It is not confirmation of the total payable under a particular provider’s agreement. Actual totals may differ because of the interest rate, fees, payment dates, calculation method, payment frequency and final payment.

Your provider will disclose the applicable repayment schedule and total payable, where required.

6. Product prices and additional costs

The calculator uses the product price shown for the relevant product or option. Product prices include GST unless expressly stated otherwise.

Delivery, optional insurance, accessories and other additional purchases are excluded unless specifically included in the amount financed. Adding these costs to your finance may increase the repayments and total payable.

Optional products and their costs should be considered separately before you agree to include them.

7. Repayment terms and deposits

Calculator buttons show the periods available for illustration. They do not guarantee that every provider will offer every term.

The calculator assumes no deposit unless stated otherwise. A provider may require a deposit or approve a different amount or repayment term.

A longer repayment period may reduce each payment while increasing the total interest and ongoing fees paid.

8. Promotional finance offers

The standard calculator estimate is not an interest free offer.

Any separately advertised interest free period, deferred payment arrangement or other finance promotion is subject to its specific conditions. These may include eligible products, minimum purchase amounts, application dates, deposit requirements, fees and repayment obligations.

Please read the offer conditions and your provider’s disclosure documents, including any interest that applies after a promotional period ends. An interest free offer does not necessarily mean that no fees apply.

9. Your finance agreement

Before accepting finance, read the provider’s agreement and disclosure documents carefully. These explain the terms offered to you, including:

• The amount financed and any required deposit.
• The interest rate and how interest is calculated.
• Establishment, ongoing and other applicable fees.
• Payment amounts, frequency and due dates.
• The repayment period and any different final payment.
• Any security required over goods or other property.
• Early repayment conditions and applicable charges.
• Consequences of missed payments.
• Applicable cancellation, hardship and complaint rights.

The calculator does not replace these documents or change the terms of your finance agreement.

10. Missed payments, early repayment and hardship

Missed or late payments may result in additional charges, default interest, collection action or other consequences under your agreement and applicable law.

Early repayment conditions vary between providers. Ask your provider for a settlement figure and details of any applicable charges before repaying early.

If you are experiencing financial difficulty, contact your provider promptly to discuss assistance and any hardship rights available to you.

11. Applications and personal information

Finance applications may require identity verification, information about your financial circumstances and credit checks.

Before submitting an application, read the relevant privacy notices and authorisations so you understand who will receive your information, how it will be used and what checks may be carried out.

12. Your consumer rights

Nothing in these terms excludes or limits rights or remedies that cannot lawfully be excluded under New Zealand law, including the Fair Trading Act 1986, the Consumer Guarantees Act 1993 and, where applicable, the Credit Contracts and Consumer Finance Act 2003.

These calculator terms do not replace your rights relating to the goods you purchase or your rights under a finance agreement.

13. Questions and complaints

For questions about a product, the calculator or applying for finance, contact:

The Lounge Suite Studio
Phone: 07 834 0328
Email: info@theloungesuitestudio.co.nz

For questions or complaints about an existing finance agreement, contact your finance provider. Its disclosure documents contain its contact details, complaints process and applicable independent dispute resolution information.